CCP Practice Questions

The process of stating goals and determining the most effective way of reaching them is the definition for:

As the leas cost engineer for the XYZ Services Company, you have been requested to provide pertinent for an equipment rental decision. The unit price of the food stuffs varies, but an average unit selling process has been determined to be $0.50 cents and the average unit acquisition cost is $0.40 cents.

The following revenue and expense relationships are predicted:

If the fixed rent remains unchanged, and XYZ pays S0.01 per unit as additional rent, the monthly breakeven point in numbers of units becomes:

The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

If the owner in A has a primary goal of completion within budget, the following contract types with the engineer/contractor would be best:

You are reporting the following Earned Value Analysis information for the project:

EV= $1,500,000

AC=$1.000,000

PV= $2,000,000

What is the status of the project?

Which of the following are used for profitability analysis in a construction company?

A work breakdown structure (WBS) is developed because:

A breach of contract can only occur when which of the following conditions is (are) present?

1. The item must be contrary to the intent of the parties

2. The item must be contrary to the contract terms and conditions

3. The injured party must actually sustain additional or excess costs

Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve Also, planning now for future expenses can be a plus to the company rather than a debit.

There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assure money is worth 10%.

The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

If you are scheduled for a $100,000 payment at the end of each year for the next five years, what is the equivalent amount if you were to make a lump sum payment now?

A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.

The return on investment at the end of the fifth year would be:

A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.

The compound interest factor used to determine Present Value in year number 5 is: